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Dec 28, 2012
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and we will be right back gerri: president obama calling on congress to act to avoid the fiscal cliff. the president said he is optimistic. modestly optimistic, that is, that a deal can be done. here is the president. >> i still want to get this done. it's the right thing to do for our families and our businesses and for our entire economy. but for immediate action comedy hour is here. it is now. we are now at the point where in just four days, every american's tax rates are scheduled to go up by law. every american paycheck will get considerably smaller. that would be the wrong thing to do. gerri: no kidding. we have been telling you that for weeks. democrats and republicans alike should rename their parties the procrastination party. that is because like a lot of college freshman, they left their work until the last minute. including the 800 billion-dollar fiscal cliff that we have been talking about. a hundred billion dollars it hasn't happened yet. it's not like the deadline comes as a surprise to anybody at all, the least of all congress. they were the ones who extended the bush
and we will be right back gerri: president obama calling on congress to act to avoid the fiscal cliff. the president said he is optimistic. modestly optimistic, that is, that a deal can be done. here is the president. >> i still want to get this done. it's the right thing to do for our families and our businesses and for our entire economy. but for immediate action comedy hour is here. it is now. we are now at the point where in just four days, every american's tax rates are scheduled to...
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Dec 27, 2012
12/12
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even if the fiscal cliff is solved, less damaging ways to resolve the fiscal cliff, the housing market still might be affected if the mortgage interest deduction is cut back severely. right now the mortgage interest deduction cost the government roughly $100 billion per year in revenue and getting rid of that would likely increase home values particularly in more expensive areas. gerri: rehear it would put the brakes on selling and home buying in those areas. what are the issues for you? you know all the issues and housing, what are you looking for next year? >> three things have been really important, the first is the inventories of homes for sale are down sharply. that is great news for home sellers because there is less competition. bad news for buyers. demand is also up, rising rent, rising prices, both of those will get urgency. the growth hasn't been great but it has been enough to get people off the fence, people feel more secure so demand is up. and finally, credit. it will be important to look at what are the standards to get a mortgage, much harder to get a mortgage even thou
even if the fiscal cliff is solved, less damaging ways to resolve the fiscal cliff, the housing market still might be affected if the mortgage interest deduction is cut back severely. right now the mortgage interest deduction cost the government roughly $100 billion per year in revenue and getting rid of that would likely increase home values particularly in more expensive areas. gerri: rehear it would put the brakes on selling and home buying in those areas. what are the issues for you? you...
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Dec 30, 2012
12/12
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now, this is the only shot we havto avoid the fiscal cliff. the fact that they are giving another shot over the next 48 hours, it is probably as good of a result from the meeting s you could've expected. gerri: i love ending on an optimistic note. that is nitely good news. i would like to thank all my guests are you think you all for yo fine alysis and thank you for your help tonight. i really appreciate it. >> thank you. >> happy new year. gerri: how would you describe today's closed-door fiscal cliff meeting between the president and congressional leaders? do you believe it was a political stunt or real negotiation? la mancha gerriwillis.com, vote on the right-hand side of the screen, i will share the results of the end of the show. stilahead tonight, it's not just the fisca cliff mess that congress has leftundone. there is a whole lot of other work that our lawmers should have done this year but did not. i will tell you all about it. and we will be right back when some people struggle with their mortgage payments, they become frozen, petrif
now, this is the only shot we havto avoid the fiscal cliff. the fact that they are giving another shot over the next 48 hours, it is probably as good of a result from the meeting s you could've expected. gerri: i love ending on an optimistic note. that is nitely good news. i would like to thank all my guests are you think you all for yo fine alysis and thank you for your help tonight. i really appreciate it. >> thank you. >> happy new year. gerri: how would you describe today's...
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Dec 24, 2012
12/12
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to do i think anybody in congress can agree on is to get a sound bite about the fiscal cliff. gerri: we agree to disagree, am i right? >> would definitely agree torand disagree. gerri: thank you for coming on. when we come back, the results of the study showing waste, fraud and abuse in the nation's skies. and ibm getting flack from making major changes to the retirement program that what cost to employees? could your employer play fast one on you too? i will dissect it all next. ♪ music body language-- without saying a word, it can tell you so much. like someone is having a stroke... know the sudden signs. learn f.a.s.t. f- face drooping a-arm weakness s- speech difficulty t- time, time to call 911 immediately. the sooner they get to the hospital, the sooner they'll get treatment, and that can make a remarkable difference in their recovery. learn the body language, the sudden signs, and spot a stroke f.a.s.t. ♪ gerri: there is th sto gerri: there is a story there is not getting a lot of attention today that you need to hear about, particularly if you care about your retir
to do i think anybody in congress can agree on is to get a sound bite about the fiscal cliff. gerri: we agree to disagree, am i right? >> would definitely agree torand disagree. gerri: thank you for coming on. when we come back, the results of the study showing waste, fraud and abuse in the nation's skies. and ibm getting flack from making major changes to the retirement program that what cost to employees? could your employer play fast one on you too? i will dissect it all next. ♪...
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Dec 24, 2012
12/12
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to do i think anybody in congress can agree on is to get a sound bite about the fiscal cliff. gerri: we agree to disagree, am i right? >> would definitely agree torand disagree. gerri: thank you for coming on. when we come back, the results of the study showing waste, fraud and abuse in the nation's skies. and ibm getting flack from making major changes to the retirement program thawhat cost to employees? could your employer play fast could your employer play fast one on you too? when some people struggle with their mortgage payments, they become frozen, petrified. not knowing what to do, they do nothing, but the people who do something, the people who take action, are far more likely to get the most positive outcome. making home affordable is a free government program. call now to talk one on one with a housing expert about the options that are right for you. real help, real answers right now. announcer: it's timothy green's first day at school. what's in there? he's about to fall over. just anything he might need. there's a box of tissues on the bottom and some band-aids; th
to do i think anybody in congress can agree on is to get a sound bite about the fiscal cliff. gerri: we agree to disagree, am i right? >> would definitely agree torand disagree. gerri: thank you for coming on. when we come back, the results of the study showing waste, fraud and abuse in the nation's skies. and ibm getting flack from making major changes to the retirement program thawhat cost to employees? could your employer play fast could your employer play fast one on you too? when...
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Dec 24, 2012
12/12
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gerri: all right. we had a little sell-off today. people are nervous about the fiscal cliff. you say we will trade at. >> i've seen the financial stocks, which are a very important indicator of the market. they have been very strong, and living today. we have seen some nice follow-through from companies like goldman that finally have been able to get above key technical levels. also there is no recall when addressing. the window dressing is the group , loss on wall street among the money managers say let's get that market really strong for the end of the year. we want to see nice numbers, and gerri: you guys do nothing and fundamentals anymore. it's amazing to me. >> you're right, and that is part of the problem with the street, but those two are bottom-up fundamental analysts, we really like the guidance that we saw that came out of it. many of these industrial multi complex companies that are very importaat indicators. gerri: like it when you talk but companies like those, because those are real companies. illinois tool works, fundamental company manufacturing, doing all th
gerri: all right. we had a little sell-off today. people are nervous about the fiscal cliff. you say we will trade at. >> i've seen the financial stocks, which are a very important indicator of the market. they have been very strong, and living today. we have seen some nice follow-through from companies like goldman that finally have been able to get above key technical levels. also there is no recall when addressing. the window dressing is the group , loss on wall street among the money...
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Dec 25, 2012
12/12
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eye 58
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to do i think anybody in congress can agree on is to get a sound bite about the fiscal cliff. gerri: we agree to disagree, am i right? >> would definitely agree torand disagree. gerri: thank you for coming on. when we come back, the results of the study showing waste, fraud and abuse in the nation's skies. and ibm getting flack from making major changes to the retirement program that what cost to employees? could your employer playast one on you too? - hi, i'm halle berry, and as a new mom, i can tell you that childhood is a magical time. but for children with diabetes, life is not quite so carefree. the barbara davis center for childhood diabetes is fighting hard to find a cure. know the signs: irritability, excessive urination, weight loss. if you have any of these signs, please call your doctor. early detection can save your life. give to save lives and reach for the cure. call now or log on to childrensdiabetesfoundation.org. ♪ gerri: there is th sto gerri: there is a story there is not getting a lot of attention today that you need to hear about, particularly if you car
to do i think anybody in congress can agree on is to get a sound bite about the fiscal cliff. gerri: we agree to disagree, am i right? >> would definitely agree torand disagree. gerri: thank you for coming on. when we come back, the results of the study showing waste, fraud and abuse in the nation's skies. and ibm getting flack from making major changes to the retirement program that what cost to employees? could your employer playast one on you too? - hi, i'm halle berry, and as a new...
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we hear that even though it is called the fiscal cliff or it is nicknamed the fiscal cliff that the effects won't be felt immediately. technically we're already there but i wonder how long, is there any sense on capitol hill when effect will start being felt by the american public? >> well we got guidance from the irs last evening and they're basically telling businesses they don't have to begin withholding at current tax rates, which are tax rates we haven't seen since the year 2000, clinton era tax rates until february 15th. in that respect you do have a little bit of time to work things out. but on top of that you also got the debt ceiling coming. there are only $200 billion worth of spending room left according to the treasury department. so all of these issues are coming into play here. there are a number of lawmakers who want to get this out of the way. they don't want to be responsible for a major tax hike which already has happened. they want to get this done and move on. there are still republicans who say you have to have spending cuts in this deal. we're not tired of not having e
we hear that even though it is called the fiscal cliff or it is nicknamed the fiscal cliff that the effects won't be felt immediately. technically we're already there but i wonder how long, is there any sense on capitol hill when effect will start being felt by the american public? >> well we got guidance from the irs last evening and they're basically telling businesses they don't have to begin withholding at current tax rates, which are tax rates we haven't seen since the year 2000,...
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Dec 31, 2012
12/12
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if the fiscal cliff hits they say u.s. gdp would shrink by half a percentage point and that unemployment will rise to over 9%. do you think they have the rights or are they just too conservative? will it be worse? >> if we actually went over the cliff we would be subtracted from domestic demand over $600 billion. that is about four percentage points in gdp. most economists were forecasting in the first half of next year hardly 2 percent growth. if you subtract 4% to spending from that year and a recession that is much deeper. the cbo tense and not be alarmist because they say what they are partisan, but congress read it paycheck, and they don't want to say congress is being irresponsible and thrusting the economy into the next great depression. gerri: then know whether paycheck comes from. did you know that congress, the vice-president, the president are of getting pay increases that the president approved . >> no credibility. i am on the government and the need help. gerri: you make a good point. if there is some kind of
if the fiscal cliff hits they say u.s. gdp would shrink by half a percentage point and that unemployment will rise to over 9%. do you think they have the rights or are they just too conservative? will it be worse? >> if we actually went over the cliff we would be subtracted from domestic demand over $600 billion. that is about four percentage points in gdp. most economists were forecasting in the first half of next year hardly 2 percent growth. if you subtract 4% to spending from that...